- President Energy said it had completed the work-over of two wells in Argentina under budget, helping to increase the associated field's production levels.

Two wells at the Puesto Flores field in Rio Negro province were worked-over ahead of time for US$920k versus a budget of US$1.122m.

Total current gross field production concomitantly increased to approximately 1,500 barrels of oil per day, with expected further increases from the remaining two programme wells, the company said.

At 8:15am: [LON:PPC] President Energy Plc share price was +0.25p at 9.88p

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